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NNPC, DPR uncover illegal fuel reservoirs in Abuja

Fuel scarcity as evidenced on airport road in Abuja...illegal fuel reservoir uncovered

*20 persons arrested, handed over to NSCDC Combined team of the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR) and security agents on Sunday uncovered illegal reservoirs of fuel in Abuja. Speaking at the site of one of the mini depot, the Group Managing Director of the NNPC, …

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Ecobank in massive financial trouble


*How the bank stole so much from Vigeo exposed Weeks after Ecobank dragged Vigeo Limited, a multi business holding company with focus on infrastructure to a Federal High Court, sitting in Lagos, over an outstanding loan of N8, 701,770,328.83, more revelations have emerged on how the chummy business relationship of the …

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We produced 15m tonnes this year – Rice farmers

rice farm

* Celebrate Nigerian Rice Rice Farmers Association of Nigeria (RIFAN) on Sunday said that it produced 15 million metric tonnes of rice this year. RIFAN Deputy National Vice President, Segun Atho, said that the association’s rice production in 2017 was in excess of Nigeria’s population rice requirement of seven million …

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Ambode presents N1.046trn Y2018 budget proposal to Assembly

Ambode and the Speaker of Lagos House of Assembly...budget

*Earmarks 67% to capital expenditure, 33% for recurrent, targets N720bn IGR *Infrastructure, Education, Transport, Security, Health Sectors get lion share By Adeyemi Robinson-Adefioye, Lagos Lagos State Governor, Mr. Akinwunmi Ambode on Monday presented the Year 2018 Budget proposal of N1.046trillion to the House of Assembly, with a pledge that his …

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Seamless port operations critical to end Apapa gridlock – Ambode

Apapa gridlock

*Oshodi transport interchange, Airport road’ll positively transform city By Adeyemi Robinson-Adefioye, Lagos Lagos State Governor, Mr Akinwunmi Ambode has identified seamless port operations as a condition that will enable permanent resolution of the Apapa gridlock. Speaking at the second edition of Lagos Corporate Assembly tagged ‘A+ Meets Business’, a forum …

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2017 Budget: Recurrent expenditure hits N4.24Tn – Udoma

Senator Udoma Udo Udoma, the Minister of Budget and National Planning

*N1.54 trillion had been used for debt service Senator Udoma Udo Udoma, the Minister of Budget and National Planning, said recurrent releases to Federal Ministries, Departments and Agencies (MDAs) under the 2017 budget had reached N4.24 trillion. Udoma said this on Wednesday in Abuja while giving an overview of the …

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Scandal! Pinnacle to acquire Integrated TV Services?

Nigerian House of Reps pass Stamp Duty Bill

*Have Reps been bought over to rip the nation? From Muhammed Mubarak Following a series of negative media campaigns against the Integrated Television Services (ITS) and instigated probe of the Digital Switch Over (DSO) project, the Pinnacle Communications maybe positioning itself to acquire the company, as the sole signal distributor …

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Freeze accounts without BVN – Court orders

Kemi Adeosun Finance Minister and Godwin Emefiele CBN Governor...BVN

*30.5million BVNs issued by the CBN *45.85 million has no BVN links yet *Funds in accounts to be forfeited if unclaimed in 14 days By Sandra Onyekwere Bank account owners in the country who are yet to have a Bank Verification Number (BVN) run the risk of forfeiting their money to …

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Edo’s Alaghodaro investment summit to boost economy

Godwin Obaseki...Alaghodaro

*Adopts local language to christen Summit In its avowed bid to re-engineer the economy of Edo State towards a better future for its citizens, the Godwin Obaseki-led government is set to host the maiden Edo State Investment Summit with the theme “Envisioning the Future” from 10th – 12th November 2017 …

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Folashade Joseph: Giant strides of an insurance amazon

Mrs Folashade Joseph

*NAIC: Whither our agricultural sector’s future? By Sandra Onyekwere Since the coming of the new Czarina of the Nigerian Agricultural Insurance Corporation (NAIC), Mrs Folashade Joseph, there has been some public visibility and proactive activities which has forced us to do a review and analysis of her activities so far. …

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